Borough Manager Discusses Mid-Year Financial Audit

An audit of the borough's finances revealed that so far this year, income from real estate transfer taxes is below expectations, Hellertown Borough Manager Cathy Kichline told Borough Council July 18.

"Overall everything looks well," Kichline said, but "one area where we are behind is our real estate transfer taxes."

"There are not too many houses selling," she added.

Kichline said that given the lackluster state of the local real estate market, the fact that income from transfer taxes is down is not surprising.

One positive area of Kichline's report was earned income tax, which she said "is up."

Kichline said she would provide council members with a narrative of the audit by the end of the week, and in response to a question from an attendee at the meeting, said the report would be made available to the public as soon as she has completed it for borough council.